Sussex County Home Sales - as of April 15, 2009

April Showers bring May flowers, right? I should hope so with the day we are having outside! Well, I would say February's gloomy stats brought new hope for March's records. It was quite an impressive change, and one that I am rather excited to report. Here is a breakdown of what sold over the past week.

Single Family - 489
Condo / Town Home - 93
Mobile - 37
Multi-Family - 2
Lots / Land - 73
Farms - 2
Commercial - 10

There were 40 additional closed real estate transactions in the past week, bringing the total to 489 for the year thus far. The average list price as of March 31 was $313,762, compared to $296,924 for the end of February, and the average sales price was $294,587, compared to $278,270 for the end of February. To me, that says the market is slowly turning around. Throughout 2008, we had seen a monthly decline between average list and sales prices of about 9.5%. This jump in the March statistics is about a 10.5% increase. This is good news indeed! Let's see how long and well it lasts.

Beach to Bay Real Estate Center is a full service real estate brokerage servicing buyers, sellers and renters at the Delaware beach areas. We handle all forms of real estate, including residential, commercial, and lots and land, in addition to bank owned, short sales and auctioned properties and representation; mortgage needs including refinances, new home purchases, second homes, first time homebuyer programs and reverse mortgages; maintain professional relationships with local settlement attorneys, insurance companies, contractors, and inspection companies; and are affiliated with a preservation and restoration company. Beach to Bay services all of Sussex County, and southern Kent County, with a strong focus on the beach resort areas of Rehoboth Beach (19971), Lewes (19958), Bethany Beach (19930), Dewey Beach (19971), Milton (19968), Millsboro (19966) and more.

Sussex County, Delaware Home Sales - as of April 7, 2009

The sun is shining, the daffodils and tulips are blooming and Spring is in the air! As with nature bursting with new life, so is the real estate market, although at a much slower pace. However, we are seeing home sales staying rather consistent and somewhat stable. Below is a breakdown of what has sold in 2009 thus far.

Single Family - 253
Condo/Townhome - 84
Multi Family - 2
Mobile - 31
Lots/Land - 69
Commercial - 10

The total closed real estate transactions for 2009 thus far is 449, with an average list price, as of February, of $296,924, and an average sales price of $278,270. Homes are selling at 93.7% of list price and averaging 206 days on the market.

Beach to Bay Real Estate Center is a full service real estate brokerage servicing buyers, sellers and renters at the Delaware beach areas. We handle all forms of real estate, including residential, commercial, and lots and land, in addition to bank owned, short sales and auctioned properties and representation; mortgage needs including refinances, new home purchases, second homes, first time homebuyer programs and reverse mortgages; maintain professional relationships with local settlement attorneys, insurance companies, contractors, and inspection companies; and are affiliated with a preservation and restoration company. Beach to Bay services all of Sussex County, and southern Kent County, with a strong focus on the beach resort areas of Rehoboth Beach (19971), Lewes (19958), Bethany Beach (19930), Dewey Beach (19971), Milton (19968), Millsboro (19966) and more.

709 South Spinnaker La, Milton

Beach to Bay Real Estate Center is a full service real estate brokerage servicing buyers, sellers and renters at the Delaware beach areas. We handle all forms of real estate, including residential, commercial, and lots and land, in addition to bank owned, short sales and auctioned properties and representation; mortgage needs including refinances, new home purchases, second homes, first time homebuyer programs and reverse mortgages; maintain professional relationships with local settlement attorneys, insurance companies, contractors, and inspection companies; and are affiliated with a preservation and restoration company. Beach to Bay services all of Sussex County, and southern Kent County, with a strong focus on the beach resort areas of Rehoboth Beach (19971), Lewes (19958), Bethany Beach (19930), Dewey Beach (19971), Milton (19968), Millsboro (19966) and more.

Sussex County, Delaware Home Sales - as of Jan 26, 2009

It is snowing outside! This confirms that it is indeed winter -- I was beginning to wonder with the weather lately, and the lack of white stuff falling from the sky! With the cold months of winter comes a slow time of year for real estate. The Delaware beach areas are managing to hang on and chug along smoothly. We aren't seeing the numbers we have seen in years past, but homes are selling. I have a feeling once we thaw out and colors start appearing in yards, we will see a change in the market, but not as quick a comeback we experienced in 2003 through 2005. Below is a breakdown of what has closed for 2009 thus far.

Single Family - 41

Condo / Town Home - 13

Mobile - 6

Multi-Family - 0

Lots / Land - 8

Farms - 0

Commercial - 3

The total closed real estate transactions for the year is 71. That is a difference of 21 from this time last week. I should have averages and statistics for January by mid-next week, so I will post those at that time.